Tag Archives: banks

Federal Debt and Deficit Reduction are Junk Economics.

Deficit cutting is still, precisely, the wrong economic policy prescription in the current weak economy of high unemployment. Whether raising taxes or cutting spending, the effect is the same. It may reduce the deficit but it also removes stimulus in … Continue reading

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How Austerity Has Failed.

by Martin WolfThe New York Review of Books Austerity has failed. It turned a nascent recovery into stagnation. That imposes huge and unnecessary costs, not just in the short run, but also in the long term: the costs of investments … Continue reading

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More Monetary Stimulus with New Targets.

Bloomberg NewsDecember 13, 2012 Chairman Ben S. Bernanke moved the Federal Reserve further into uncharted policy territory in combating joblessness by tying the bank’s interest-rate outlook to unemployment and inflation, while committing to an even faster expansion of the central … Continue reading

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IMF’s epic plan to conjure away debt and dethrone bankers

by Ambrose Evans-PritchardThe Telegraph So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the … Continue reading

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Should Central Banks Cancel Government Debt They Own?

by Gavyn DaviesThe Financial Times As the IMF meetings close in Tokyo this weekend, it is obvious that governments are struggling to find the correct balance between controlling public debt, which now exceeds 110 per cent of GDP for the … Continue reading

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Quarterly Outlook Summary

The good recovery in the markets of the 1st quarter of this year was relatively short lived. Volatility and uncertainty is still with us. The “not bad” news in the US is that our economy and employment continue to grow … Continue reading

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